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Exhibit 99.1
Contact:
Timothy Baker | Scott Solomon | |||
President, Chief Operating Officer | Senior Vice President | |||
and Chief Financial Officer | Sharon Merrill Associates | |||
Cynosure, Inc. | (617) 542-5300 | |||
(978) 256-4200 | CYNO@investorrelations.com | |||
tbaker@cynosure.com |
Cynosure Announces Fourth-Quarter 2015 Results;
Achieves Record Quarterly Revenue of $102.4 Million, 19 Percent
Increase from Prior Year
Fourth-Quarter 2015 Highlights:
| North America product revenue of $55.8 million, up 31 percent year-over-year |
| Non-GAAP earnings of $0.42 per diluted share; GAAP earnings of $0.31 per diluted share |
| Launch of SculpSure® platform for non-invasive fat reduction helps drive top-line performance |
| Cash and investments of $182.8 million at December 31, 2015 |
Full-Year 2015 Highlights:
| Revenue of $339.5 million, up 16 percent year-over-year |
| Non-GAAP earnings of $1.08 per diluted share; GAAP earnings of $0.70 per diluted share |
| Cash flow from operations of $37.8 million |
Westford, MA February 9, 2016 Cynosure, Inc. (Nasdaq: CYNO), which designs, manufactures and markets medical devices for aesthetic procedures and precision surgical applications worldwide, today reported financial results for the three months and year ended December 31, 2015.
We capped a record year with fourth-quarter revenue of $102.4 million, improving margins and solid profitability in the quarter, said Chief Executive Officer Michael Davin. The successful launch of SculpSure, our new laser platform for non-invasive fat reduction, together with the strong performance of other products, including MonaLisa Touch®, Icon and PicoSure®, helped drive a 31 percent increase in product revenue from North America and enhance our competitive position in the market.
2015 was an outstanding year for Cynosure. We launched a second wavelength to our market-leading PicoSure platform and introduced SculpSure in the U.S. through our direct sales force as
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Cynosure Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2016 10-K Annual Report includes:
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Material Contracts, Statements, Certifications & more
Cynosure Inc provided additional information to their SEC Filing as exhibits
Ticker: CYNO
CIK: 885306
Form Type: 10-K Annual Report
Accession Number: 0001193125-16-485689
Submitted to the SEC: Mon Feb 29 2016 5:25:22 PM EST
Accepted by the SEC: Mon Feb 29 2016
Period: Thursday, December 31, 2015
Industry: Electromedical And Electrotherapeutic Apparatus